Tourism And Tourism

“Today’s travel and tourism industry has grown into a global economic powerhouse whose combined direct and indirect impact on the world economy, according to the World Travel & Tourism Council (WTTC)”. ( Fuller,2014) Volumes of outflow of foreign currencies, management techniques and the training & staffing experience are affecting different sectors of the economy. Which are impacting positively contributing to the economic and social development of countries welfare. In the City of Oxford there are many examples of Hospitality and Tourism, as seen by the constant stream of tourists who crowd its streets on a weekend, striving to get the best view of the historic number of colleges protruding onto every street throughout the year. This is Oxfords prize possession that sets it apart from other destinations in the UK and the world. However there are sub sectors that play a big part in Oxford one of the largest examples of tourism is the popularity and growth of the accommodation sector, more specifically hotels. This essay will evaluate the Randolph Hotel in Oxford and Oxford as a tourist destination.

Tourism is a social, cultural and economic phenomenon which depicts the movement of people to countries or places outside their usual environment. This could be for personal or business purposes. “Oxford is the sixth most visited city in the UK by international visitors and is the tourism gateway to the rest of Oxfordshire. We attract approximately 9.5 million visitors per year, generating £770 million of income for local Oxford businesses “. (oxford.gov) This is because Oxford is Britain's oldest University City. People not travel around to world to visit Oxford for its Universities and colleges but also museums & exhibitions, b...

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... the only global econometric model of world travel.” (tourism) There is also alt custom travel forecast models which calculates the growth opportunities for clients helping then decide when and where clients should invest. “Many communities, including those whose economies are dominated by tourism, do not have tourism plans. Thus, there is a need for measures to be taken to rectify this situation, and for information to be made available to assist those responsible for these tasks. Although a predominantly economic perspective is adopted, it is recognized that tourism is more than an economic phenomenon.” (Heath, E.; Wall, G.) By having a tourism plan Oxford came out of the recession better than most countries and cities in the United Kingdom. During he recession unemployment was at 9,600. Statists today shows that in May 2012 unemployment reduced to 7,300 (1.8%)